French Billionaire and Manufacturer of Fighter and Business Jets Serge Dassault Dies at Age 93

French Billionaire and Manufacturer of Fighter and Business Jets Serge Dassault Dies at Age 93

French billionaire and Chairman of Dassault Group, which builds Rafale fighter jets and high-end Falcon business jets, Serge Dassault has died at the age of 93 on 28th May 2018.

” French Billionaire and Manufacturer of Fighter and Business Jets Serge Dassault Dies at Age 93 “

Serge Dassault is one of the world’s richest man and top 5 richest man in France with an estimated net worth exceeding $25 billion. His father, Marcel Dassault had founded Dassault Aviation in 1929, designing and manufacturing planes for the French government in World War I. Born in 1925 in Paris, Serge was imprisoned by the German military in 1944 as the Nazis attempted to force his father Marcel Dassault to design aircraft for them. In 1986, he took over the business after his father’s death.

Today, Dassault Group includes Dassault Aviation, software company Dassault Systemes that is worth more than $14 billion and French daily newspaper Le Figaro. In 2017, Dassault Aviation reported revenues of €4.8 billion with more than 11,000 employees. Since 1929, the company has delivered over 10,000 military and civil aircraft in more than 90 countries, including the Rafale fighter, high-end Falcon business jets and military drones.

In 2014, Dassault Group had named CEO Charles Edelstenne as the successor to Serge Dassault.